IFM Business Rescue Plan Approved

The business rescue plan recommending the sale of London-listed International Ferro Metal’s (IFM’s) embattled South African subsidiary has been approved by creditors. The business rescue practitioner for the ferrochrome producer would now seek to negotiate a...

Wednesday, December 9, 2015

Yildirim Group Invokes Force Majeure Due to Fire at Tikhvin Plant

A fire occurred at Tikhvin Ferro Alloy Plant in Russia owned by a Turkey's major firm, Yildirim Group on November 26. The cause is still unclear, but this group anticipated the operation to be suspended for 6 months and announced it invoked force majeure.

Tuesday, December 8, 2015

Zimbabwe's Forlorn Minerals Export Dream

IT is said dreaming is a human right that was granted to every human being by God at the beginning of time. And fertile dreaming has kept many trudging through the journey of life. For without assuring himself/herself of a better tomorrow, many a man would ...

Monday, November 30, 2015

20% Chrome Export Levy Scrapped

THE government has scrapped the 20 percent export tax on chrome, which has been a major hurdle in trading the mineral.

Monday, November 30, 2015

Chinese Firms Seal $28m Chrome Deal

Zimbabwe has sealed two deals with Chinese companies running into several millions of dollars for the off-take tantalite and chrome following the lifting of a four-year-old export ban on chrome ore.

Monday, November 30, 2015

Omani Gulf Mining Plans to Double Ferrochrome Output by 2017

Oman's Gulf Mining Ferro Alloys plans to double high-carbon ferrochrome production at its Sohar plant by building two new furnaces there, a company official said couple of days ago.

Monday, November 16, 2015

ZIMASCO DOWN TO ONLY 56 WORKERS

ZIMBABWE Mining and Smelting Company (Zimasco) Shurugwi division has reportedly downsized its workforce from approximately 1 500 to 56 employees, as the chrome giant faces mounting economic challenges.

Tuesday, November 10, 2015

Stressed Zimasco Downsizes to 56 Workforce

ZIMBABWE Mining and Smelting Company (Zimasco) Shurugwi division has reportedly downsized its workforce from approximately 1 500 to 56 employees, as the chrome giant faces mounting economic challenges.

Monday, November 9, 2015
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